Indiana statute
Ind. Code § 35-45-7-2 — Loansharking
Current through 2026 Regular Session
Part of Chapter 7: Loansharking, Indiana Code.
Criminal charges under this statute
Full text of Ind. Code § 35-45-7-2
Statutory text current through the 2026 Regular Session. This publication reproduces the official statutory text; it is not the official statutes of the State of Indiana.
Sec. 2. A person who, in exchange for the loan of any property, knowingly or intentionally receives or contracts to receive from another person any consideration, at a rate greater than two (2) times the rate specified in IC 37-2-4-35 (b)(1)(A), commits loansharking, a Level 6 felony. However, loansharking is a Level 5 felony if force or the threat of force is used to collect or to attempt to collect any of the property loaned or any of the consideration for the loan.
Official sources
Legal terms used in this section
Questions this section answers
Is loansharking a felony or a misdemeanor in Indiana?
It depends on the circumstances: loansharking ranges from a Level 6 Felony to a Level 5 Felony in Indiana under Ind. Code § 35-45-7-2.
Loansharking (base offense): Level 6 Felony (Ind. Code § 35-45-7-2) · Loansharking with force or threat of force: Level 5 Felony (Ind. Code § 35-45-7-2)
Which Indiana statute covers loansharking?
Loansharking is governed by Ind. Code § 35-45-7-2 (Loansharking).
This reference is informational and is not legal advice.